The average price of a new car is now nearly $50,000, reflecting the production challenges and shifts in consumer preferences. Recent tariffs introduced may further elevate prices, limiting the availability of affordable vehicles, especially affecting those buyers who are price-sensitive. Currently, only five vehicles fall below the $30,000 threshold, highlighting a significant reduction in options as many popular models face increased costs due to tariffs. This trend could pressure the used auto markets as consumers delay purchases.
The increased tariffs on imported vehicles and parts will significantly impact the affordability of new cars in the U.S., reducing choices for price-sensitive consumers.
Due to the tariffs, only five vehicles in the U.S. will remain priced under $30,000, making affordable new car options extremely limited.
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